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Is POWW preparing to trend higher? Stochastic Buy Signal shows up after gaining 1.4%
On Monday, August 3rd, POWW moved up 1.4% while volume shrunk to 0.1× the usual levels. Mixed technical signals appeared with Stochastic Buy Signal and Directional Movement Crossover Bullish suggesting upside potential, while 50 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 2.15, 2.12 & 2.09, with resistance at 2.21, 2.24 & 2.27.
Current SwingTradeBot Technical Rating of POWW: C
There’s more where that came from. See all of today’s signals for POWW here.
Read full article here »